Fifth Third Bancorp Grows Position in Burlington Stores, Inc. (NYSE:BURL)

Fifth Third Bancorp boosted its stake in Burlington Stores, Inc. (NYSE:BURL) by 19.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 514 shares of the company’s stock after purchasing an additional 85 shares during the quarter. Fifth Third Bancorp’s holdings in Burlington Stores were worth $123,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of BURL. Argonautica Private Wealth Management Inc. grew its stake in Burlington Stores by 1.1% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 3,728 shares of the company’s stock worth $1,063,000 after buying an additional 39 shares during the period. IFP Advisors Inc grew its stake in Burlington Stores by 81.6% during the fourth quarter. IFP Advisors Inc now owns 89 shares of the company’s stock worth $25,000 after buying an additional 40 shares during the period. SRS Capital Advisors Inc. grew its stake in Burlington Stores by 21.7% during the fourth quarter. SRS Capital Advisors Inc. now owns 269 shares of the company’s stock worth $77,000 after buying an additional 48 shares during the period. Metis Global Partners LLC grew its stake in Burlington Stores by 5.9% during the fourth quarter. Metis Global Partners LLC now owns 867 shares of the company’s stock worth $247,000 after buying an additional 48 shares during the period. Finally, EverSource Wealth Advisors LLC grew its stake in Burlington Stores by 18.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 317 shares of the company’s stock worth $90,000 after buying an additional 49 shares during the period.

Analysts Set New Price Targets

Several research firms have issued reports on BURL. Morgan Stanley decreased their price objective on shares of Burlington Stores from $297.00 to $269.00 and set an “overweight” rating for the company in a research note on Tuesday, May 6th. Barclays boosted their price objective on shares of Burlington Stores from $254.00 to $299.00 and gave the stock an “overweight” rating in a research note on Friday, May 30th. JPMorgan Chase & Co. upped their target price on shares of Burlington Stores from $287.00 to $327.00 and gave the company an “overweight” rating in a research note on Monday, May 19th. Evercore ISI lowered their price target on shares of Burlington Stores from $345.00 to $310.00 and set an “outperform” rating for the company in a report on Friday, May 30th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and set a $300.00 price target (down from $340.00) on shares of Burlington Stores in a report on Thursday, May 29th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $317.43.

Burlington Stores Trading Down 0.3%

BURL opened at $227.43 on Friday. The stock has a market capitalization of $14.35 billion, a PE ratio of 27.90, a P/E/G ratio of 1.62 and a beta of 1.65. The firm’s fifty day moving average price is $238.64 and its 200 day moving average price is $255.28. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.06 and a quick ratio of 0.39. Burlington Stores, Inc. has a 12-month low of $212.92 and a 12-month high of $298.89.

Burlington Stores (NYSE:BURL) last posted its quarterly earnings results on Thursday, May 29th. The company reported $1.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.43 by $0.17. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Burlington Stores had a net margin of 4.88% and a return on equity of 44.03%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.35 earnings per share. As a group, research analysts expect that Burlington Stores, Inc. will post 7.93 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, COO Travis Marquette sold 190 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $237.63, for a total transaction of $45,149.70. Following the completion of the transaction, the chief operating officer now owns 22,858 shares in the company, valued at approximately $5,431,746.54. This represents a 0.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Stephen Ferroni sold 450 shares of the company’s stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $241.39, for a total transaction of $108,625.50. Following the transaction, the chief accounting officer now owns 2,389 shares of the company’s stock, valued at $576,680.71. This represents a 15.85% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

Burlington Stores Company Profile

Burlington Stores, Inc operates as a retailer of branded merchandise in the United States. The company provides fashion-focused merchandise, including women's ready-to-wear apparel, menswear, youth apparel, footwear, accessories, toys, gifts, and coats, as well as baby, home, and beauty products.